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Astra Service Partners · Alpine Investors portfolio
One finance operating model across 32 acquired HVAC companies.
Astra Service Partners is a national platform of commercial and industrial HVAC, refrigeration and building-systems service providers backed by Alpine Investors. Anqora partnered with Astra’s leadership and Alpine’s value creation team on a multi-phase finance and sourcing program.
32
companies on standardized finance processes
$1.7M
annual vehicle-lease savings
The situation
What we walked into
Rapid, acquisition-driven growth left each company with its own AR practices, suppliers and finance systems. DSO was inconsistent, spend was invisible at platform level, and there was no leverage with suppliers.
Travel and expense practices varied by company, and the platform depended on legacy systems it did not own.
What we did
Key actions
- Standardized the AR operating model and playbook across all 32 companies.
- Classified 98% of supplier spend and built platform-level spend dashboards.
- Rationalized vehicle leasing and consolidated wireless onto national rates.
- Launched a national HVAC parts and equipment supplier program and a centralized fuel-card program.
- Migrated to a dedicated Sage Intacct instance and carved out legacy systems.
- Rolled out Ramp for card spend and expense management, with AP processing to follow.
Outcomes
| Initiative | Result | Status |
|---|---|---|
| Vehicle lease program | $1.7M annual savings | Completed |
| Wireless optimization | $200K+ annual savings | Completed |
| HVAC parts & equipment program | $1M+ expected annual savings | Launched |
| Fuel card program | 5–10% savings per gallon | Rolling out |
| Ramp card and expense rollout | $200K+ process savings | Active |
| Financial reporting package | Visibility across 30+ entities | Completed |
| Accounts receivable | 15–25% DSO reduction targeted | In progress |
Systems and tools: Sage Intacct, Ramp, WEX, Ignite spend analytics.
More results
Indirect spend taken apart, category by category
Seven-figure vehicle-lease savings, waste consolidation and a renegotiated wireless contract.
Procurement and close rebuilt for a growing practice platform
$1.7M in savings and a month-end close cut from seven days to three to five.
Start with a four-week Portfolio Spend Diagnostic.
A ranked, sized list of cost and cash opportunities for one portfolio company, and a plan to capture them.